Comments on: Where to buy Term Insurance?

By: chua

chua — Fri, 01 Jul 2011 05:14:57 +0000

Casio, Cancer can happen at any age. Not neccessary more frequent after 65. It is a matter of when it is discovered.

By: casio

casio — Fri, 01 Jul 2011 02:52:22 +0000

There is good and bad for whole life or term insurance. Better dont be too extreme. Though historical, investment is a better option to get better returns. But it is such an unpredictable world nowadays.

Most illnesses example cancer is more frequent especially at later age after 65 years old.

By: GS

GS — Wed, 22 Jun 2011 13:48:25 +0000

I personally do encourage upgrading the shield plans and to date every single one of my clients has upgraded with no exceptions. I feel that if you have dependents (especially young children and if you are the sole breadwinner) it is not just important but very critical to have a term policy due to the high cover you can get at low cost. All other plans have an investment component which is good for savings but the cover is typically low and leaves the client very exposed.

By: Broker

Broker — Wed, 22 Jun 2011 11:02:45 +0000

One company policy will unlikely the same as the other, example, one may be inclusive of personal accident/TPD in there or another does not. TPD could be paying what I call 1+1=1 (from existing sum insured) or 1+1=2 (additional). Some only cover 30 CI, another cover TI as well. Sometime competitor will launch a new product which is even cheaper/better than its own existing one without informing the existing policy holder.

I doubt any advisor will actually want to “push” for the shield plan.

Compare is the best.

By: Broker

Broker — Wed, 22 Jun 2011 10:48:30 +0000

I am an insurance broker which represent many insurance companies in one go, some points to add when one consider buying policy:
-In my view, Shield plan should be upgraded, even one cannot pay the cash rider, just upgrade the Medisave portion first. However, many pp scare to discuss.
-The rest of the policies are optional according to personal needs. One policy/type may be suitable to different people, as long as meet the need. Not everyone prefer term as not everyone know/willing to invest.
-When the incident really happen, any policy that one have also good.
-Buying direct from the insurance company does not offer client any discount but have to go Q-up/time off vs agent will go & meet the client at their convenient time. Try making a call to any company the so call “Hotline”.
-One company does not offer all good products. Some may offer best rate for smoker, some may be for non-smoker, some policy give good protection, another may offer good return (same group of policy, e.g. life vs life or endow vs endow).

By: Chu

Chu — Tue, 31 May 2011 13:01:17 +0000

I can offer a good solution for your term insurance needs. not sure how you guys can contact me. feel free to leave me a post.

By: Endowment Policies

Endowment Policies — Wed, 27 Apr 2011 10:26:16 +0000

Look for a good adviser who puts the clients needs ahead of commissions. All the insurance companies will have promotions to “push” certain products however a good adviser will still not deviate from the basic tenets of clients needs first.

By: GS

GS — Mon, 07 Mar 2011 15:31:54 +0000

At the end of the day there is no free ride. Different policies will suit suit different people and in many cases a combination of several policies might be the ideal option for some people.

I have personally had one company defer my application for an enhanced shield plan while another accepted it on with some exclusions which was better then nothing. The type of risk different companies take varies. Sometimes cheaper premiums can be achieved by taking on only less”risky” clients or by reducing payouts.

By: cw

cw — Wed, 23 Jun 2010 23:36:56 +0000

Thanks guys.

I saw in a blog, forgotten the link.A non smoker man , age 33 got a tpd + death coverage for a million, 25 years term for $128.50 p.m.

It is cheaper than NTUC I-term.

By: ys

ys — Wed, 23 Jun 2010 16:35:52 +0000

Hi CW, I recommend NTUC, Tokio marine (it absorbed TM Asia Life), and Aviva. I’m not an agent. I myself bought from these three about a year ago.